Investors watch trading volume and other momentum indicators alongside descending channel patterns to better gauge when to open and close trades. Buying an asset in a downtrend can be a risky maneuver ...
James Chen, CMT is an expert trader, investment adviser, and global market strategist. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician ...
Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test ...
XRP {{XRP}} tumbled 2.71% over the past 24 hours, continuing its downward spiral as selling pressure outweighed buyer interest. The token now trades at $2.20 after breaking below key support levels, ...
Oil is starting to do something it has not done for months. It is holding above the descending channel and 50-EMA band, it is doing so without any drama. Both UKOIL (Brent) and USOIL (WTI) have pushed ...
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